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07 May 2008

Netia holds ordinary shareholders’ meeting (25/2008)

WARSAW, Poland – May 7, 2008 – Netia S.A. (“Netia” or the “Company”) (WSE: NET), Poland’s largest alternative provider of fixed-line telecommunications services, today announced that its ordinary shareholder’s meeting held on May 7, 2008 (the “AGM”) adopted resolutions concerning, among others, the approval of 2007 financial statements and coverage of losses, merger of Netia with it’s wholly-owned subsidiary Świat Internet SA and changes to the composition of the Supervisory Board.

The AGM appointed Messrs. Jerome de Vitry and Marek Gul to Netia’s Supervisory Board.

As a result of the above appointment, Netia’s Supervisory Board currently consists of the following 7 members: Constantine Gonticas, Raimondo Eggink, Marek Gul, Bruce McInroy, Tadeusz Radzimiński, Pantelis Tzortzakis i Jerome de Vitry.

The CVs of the newly elected Supervisory Board members are presented below.

Jerome de Vitry worked in various companies of Completel Europe NV in the period 1999 – 2007 on positions of President - Completel SAS (1999-2001), COO – Completel Europe NV (2001-2002), President and CET - Completel Europe NV (2002-2007). He successfully managed the above companies and was responsible, among other things, for the financial and operational restructuring, development and implementation of a new strategy, increasing commercial presence of the company’s products and services. He established Completel as the largest operator specialized on the business sector, and as the third largest business operator in France, after France Telecom and Neuf-Cegetel. Prior to his engagement in Completel he worked for Alcatel NV from 1990 to 1998 holding senior management positions. In 1985 – 1990 Mr. de Vitry worked for the Boston Consulting Group in Paris.
Mr. de Vitry graduated from Ecole Nationale des Ponts et Chaussées in France, were he was awarded an engineer degree in 1984. Then, in 1985, he received an MBA title from INSEAD, France.

Marek Gul is a Senior Advisor of Credit Suisse and Head of CS in Poland, based in Warsaw.
Mr. Gul joined the Firm in 1994 as a Director in the Investment Banking Group (Head of Polish Office). Since that time, he has successfully focused on building the CS franchise in Poland. Prior to joining CSFB, Mr. Gul developed and managed TDI (Towarzystwo Doradztwa Inwestycyjnego) - one of the most successful Polish corporate finance consultancies for five years. Prior to that, he was a lecturer at Warsaw University where he specialized in international trade and trade negotiations.
Mr. Gul has an impressive track record in Polish M&A and privatisation transactions. Product focus includes investment banking, structured lending, structured trade finance, equity and debt capital markets and derivatives.
Mr. Gul, a Polish national, received his Master of Arts degree in Economics at the Warsaw University and was a Visiting Professor at University of Sussex and Aalborg University.
Mr. Gul supervised and advised on numerous domestic and international transactions: mergers & acquisitions, privatisation, issues of equity and bonds, exchangeable bonds, debt structuring, financial advisory related to project financing and financial structuring.

Mr. Jerome de Vitry as well as Mr. Marek Gul, do not conduct directly or through legal entities any activities that would compete with the activities of Netia or its subsidiaries. They are not a partner in civil law company or any partnership, nor members of any authorities of any corporation or any other competitive legal entity. They have not been registered in the Non-Solvent Debtors Register kept pursuant to the National Court Register Act.

The full text of the resolutions adopted at the AGM is presented in the attachment.